Fridley Planning Commission to Take up JLT Property

The Fridley Planning Commission will hold a public hearing on a transit-oriented development master plan for the JLT property at the northeast corner of East River Road and I-694 at its March 20, 2013 meeting:

Consideration of a Transit Oriented District (TOD) Master Plan, TOD #13-01, by Industrial Equities, LLP, to allow the construction of an office/warehouse building, and a future office and multi-family housing development, generally located at 5601 East River Road NE.

The Fridley City Council could take up the issue at its April 8, 2013 meeting.

Finance & Commerce reported Friday, in an article headlined "Fridley mixed-use plan near Northstar could benefit from TIF," on a Minnesota milestone the development represents:

Plans to build housing, warehouse space and offices near the Northstar Commuter Rail line have Fridley officials looking to put the state’s first transit-driven tax increment financing district to use.

(The online version of the article is subscription-required. The Northtown Branch of the Anoka County Library maintains a subscription to Finance & Commerce.)

Finance & Commerce reporter Burl Gilyard asked in a tweet, "Is Fridley site at 'the corner of hot and 100 percent'?"

John Allen at Industrial Equities LLP is the man behind the plan. The firm bought the JLT property on .

Related:

• Minneapolis Developer Buys JLT Property in Fridley
• Northstar Bus Tour Nets One Prospective Fridley Developer
• 3 Developers Eyeing 'Gateway Northeast'
• Poll: Should Suburbs Change or Should Critics Back Off?
• Hyde Park Neighborhood in Zoning Hot Seat